GLOBAL LITHIUM ELECTROLYTE SALT (LIPF6) MARKET

INTRODUCTION

 Liquid electrolytes are used in lithium-ion batteries. It increases cell performance, stabilises cathode and anode surfaces, and allows lithium ions (Li+) to travel between the anode and cathode.

They are used to create li-ion cells for a range of battery applications, from consumer electronics to electric cars, by both battery makers and research facilities.Li-ion batteries' electrolyte. Commercial secondary batteries are the main application for LiPF6, which makes use of its high solubility in polar aprotic solvents.

GLOBAL LITHIUM ELECTROLYTE SALT(LIPF6) MARKET SIZE AND FORECAST

The Global Lithium electrolyte salt (LIPF6) market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2022 to 2030.

NEW PRODUCT LAUNCH

By working with Guangzhou Tinci Materials Technology, a top producer of lithium-ion battery materials, LANXESS has entered the field of battery chemistry.For lithium-ion batteries, LANXESS will produce electrolyte compositions.

A crucial part of lithium-ion batteries, the electrolyte is in charge of carrying lithium ions within the battery cell.E-Mobility is on the rise, and it's fast. Construction of numerous new battery cell manufacturing facilities is presently underway.

Additionally, LANXESS has excellent prospects in this rapidly expanding sector, particularly in the area of battery chemistry.They already generate a large number of the basic materials needed to make batteries.Numerous substances and elements that are necessary for the creation of battery cells are already produced by LANXESS.

For instance, the specialty chemicals company is one of the industry's top producers of compounds including phosphorus and hydrofluoric acid.Both are essential components in the synthesis of lithium hexafluorophosphate, a high-purity conductive salt (LIPF6).

RECENT PARTNERSHIPS

Orbia's Fluorinated Solutions company, Koura has inked a technical licensing agreement for lithium hexafluorophosphate (LiPF6), a crucial lithium-ion battery material, with Kanto Denka Kogyo. The arrangement gives Koura access to Kanto Denka Kogyo's world-class technology and commercial LiPF6 manufacturing capability.

There is currently no large-scale manufacturing of LiPF6 in North America. With the enormous expansion of the electric car sector in the United States, demand for lithium-ion batteries and materials is expanding. Orbia is aiming to ensure North America's supply of critical battery ingredients, and has just launched the first LiPF6 production factory in the United States.

Kanto Denka Kogyo is well-known among major battery manufacturers for its dependable and high-quality LiPF6 technology. Kanto Denka Kogyo is the appropriate partner for Koura to advance their energy plan and be ready to satisfy rising demand for a domestic supply of LiPF6 as one of the pioneers and acknowledged leaders in the high quality manufacturing of LiPF6.

As the owner and operator of the world's biggest fluorspar mine, Koura is collaborating with industry partners and researchers to transform the material into a variety of sophisticated battery materials, such as electrolyte salts, binders, and high-performance electrolyte additives for lithium-ion batteries.

Korea's unique mine-to-market' vertically integrated position, knowledge in fluorine technology, and investment in recycled and alternative lithium sources enable the company to address today's domestic supply chain dilemma for lithium-ion batteries.

Fluorinated Solutions is a division of Orbia. Koura is a global pioneer in the research, manufacturing, and distribution of fluoroproducts, which play an important role in improving people's lives and shortening the route to a sustainable, circular economy. 

Kanto Denka Kogyo began manufacturing lithium hexafluorophosphate (LiPF6), a high-purity electrolyte for lithium-ion secondary batteries, and now supplies numerous clients globally.

Kanto Denka Kogyo is Japan's exclusive manufacturer of this product. Kanto Denka Kogyo will continue to strive to be a creative development-driven corporation, creating one-of-a-kind, highly competitive goods that add value to the world's most sophisticated technology while also contributing to the realization of a sustainable society.

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. What is the average cost perGlobal Lithium electrolyte salt (LIPF6) marketright now and how will it change in the next 5-6 years?
2. Average cost to set up aGlobal Lithium electrolyte salt (LIPF6) marketin the US, Europe and China?
3. How manyGlobal Lithium electrolyte salt (LIPF6) marketare manufactured per annum globally? Who are the sub-component suppliers in different regions?
4. What is happening in the overall public, globally?
5. Cost breakup of aGlobal Lithium electrolyte salt (LIPF6) marketand key vendor selection criteria
6. Where is theGlobal Lithium electrolyte salt (LIPF6) marketmanufactured? What is the average margin per equipment?
7. Market share ofGlobal Lithium electrolyte salt (LIPF6) marketmanufacturers and their upcoming products
8. The most important plannedGlobal Lithium electrolyte salt (LIPF6) marketin next 2 years
9. Details on network of majorGlobal Lithium electrolyte salt (LIPF6) marketand pricing plans
10. Cost advantage for OEMs who manufactureGlobal Lithium electrolyte salt (LIPF6) marketin-house